Overview: in the previous update, I expected that we are near completion of wave (A) of 5 of c of (III) and will complete wave (III) in this week somewhere around 184-185.
Update: the count of a structure around the earnings report is definitely tricky. What I see is that we completed wave (III) of C of (Y) of B this week at 202, higher than we expected. What follows is wave (IV) of C. Note that wave (II) was extremely deep and developed as a zigzag, so I expect a sideways, shallow, flat action in wave (IV). The breakout through the descending channel on the hourly chart is a strong confirmation of wave (IV) being under process.
Update: the count of a structure around the earnings report is definitely tricky. What I see is that we completed wave (III) of C of (Y) of B this week at 202, higher than we expected. What follows is wave (IV) of C. Note that wave (II) was extremely deep and developed as a zigzag, so I expect a sideways, shallow, flat action in wave (IV). The breakout through the descending channel on the hourly chart is a strong confirmation of wave (IV) being under process.
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